Questions & Answers
Accounting for gain or loss on sale of shares classified at FVOCI
Question We have shares (equity instruments) purchased for CU 100. We classified them as at fair value through other comprehensive income (FVOCI), because we collect dividends from them, but occasionally we make profits from trading of these shares. One year after purchase, the fair value…
Non-controlling interest in a private company
Question Under IFRS 9, equity instruments must be revalued at fair value through profit and loss or OCI. What happens if a company purchases non-controlling interest in a private company? Is the private company revalued every year to comply with IFRS 9? Answer Before…